Treasurer’s Report – March 2014
By Dave Wieland
The balance of unrestricted funds as of February 28, 2014 was $10,861,763 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of February 28, 2014, PIF had a balance of $11,951,709 plus $525,000 collected in February that was transferred into the PIF account the first part of March 2014. The Capital Reserve Fund had a balance of $1,500,044 as of January month end.
The corporation has operated within its budget for the 2014 fiscal year.